Dutchie: The Legal Marijuana Business Worth $1.7 Billion
-Dutchie, A Marijuana Startup company raised $200m from investors and is now valued at $1.7 billion
-The Cannabis startup utilizes technology in the distribution of its products
-The platform was founded by 2 brothers connects and marijuana consumers with retailers
Technology is a part of most major industry and it is finding its way into the less common ones.
Two brothers established a business where a tech used in the distribution of Marijuana after the product became semi-legal in most parts of the US.
Dutchie, a legal Cannabis startup recently raised $200 million in investments and the company is now worth $1.7 billion.
The Cannabis startup was founded in 2017 as a Marijuana ordering platform that connects buyers with sellers in the online space.
Dutchie was founded by Ross Lipson in Oregon USA and his brother Zach Lipson joined in as the senior product manager.
Ross came about the idea for his billion-dollar business while waiting in line to purchase marijuana at a dispensary.
The company secured the latest Series C funding by convincing investors to bet on the legalization of Cannabis across the country.
Read also: 5 ways to make money apart from your full-time job
Marijuana has been legalized in 15 American states and analysts believe that Cannabis sale in the US will reach $40 billion in the next 4 years.
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